🔥A grand drama of cryptocurrency regulation unfolds in the US! The "GENIUS Act" and "CLARITY Act" have been strongly passed, putting unprecedented pressure on the SEC, as an ETH regulatory storm approaches!⚡️
The Senate votes in a sensational manner, with the "GENIUS Act" passing with 68 votes, creating a new framework for stablecoin regulation, receiving rare bipartisan support! Senate Majority Leader John Thune boldly states: "This will make the US the global cryptocurrency center!" However, Elizabeth Warren strongly opposes it, pointing out consumer protection loopholes and conflicts of political interest, questioning the hidden motives behind the Trump family's control.
Next, the "CLARITY Act" was approved successively by the Financial Services and Agriculture Committees, clarifying the regulatory boundaries between the SEC and CFTC, requiring crypto platforms to register temporarily and protect customer assets, and for the first time including protections for non-custodial wallets and peer-to-peer transactions. Web3 pioneer French Hill praised it as the "cornerstone" of industry development, but opposing voices are equally fierce, expressing concerns about increased political interference.
The SEC regulatory storm intensifies, with Congressman William Timmons publicly pressuring for the disclosure of key documents regarding whether ETH was a security in 2018. The Coinbase FOIA lawsuit exposes the SEC's vague investigation, escalating both market regulatory confidence and controversy.
Conclusion: The "GENIUS" and "CLARITY" acts are driving a new era of cryptocurrency regulation, with fierce competition between bilateral forces, and the future direction of the SEC and the industry remains unclear! Investors need to be wary of political storms, closely monitor regulatory trends, and seize potential major opportunities in the cryptocurrency market!🚀💥
